TVL of Restaking Protocols Plunges 50% 📉 in the Past 3 Months

Restaking protocols were once the "bright stars" in Q2/2024 when TVL peaked at $21.2 billion on June 7, with a series of impressive milestones such as ether.fi's TVL increasing by $1 billion in just 5 days or Symbiotic reaching $1 billion TVL just 1 month after its launch. However, this halo is gradually fading as protocols face a serious decline in TVL.

According to statistics from Protos, Pendle suffered a huge loss with a decrease of 63%. ether.fi, although retaining most of its value, also fell by more than 10%. Renzo was one of the most damaged protocols with a loss of more than 75% of its TVL value. Protocols like Puffer, Kelp, and Karak did not escape the trend with losses ranging from 32% to 44%.